- ISIN
- US9219355081
- CUSIP
- 921935508
- Issuer
- Vanguard
- Inception Date
- Feb 13, 2018
- Region
- North America (U.S.)
- Category
- Momentum, Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 79K
- Avg. Volume Value (1M)
- $18.12M
Share Price Chart
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Performance
VFMO Performance Chart
Vanguard U.S. Momentum Factor ETF (VFMO) is up 17.3% since the beginning of the year. VFMO is currently trading at $224 per share. Investors who bought $1,000 worth of VFMO shares 5 years ago would now be looking at an investment worth $1,829.
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Returns By Period
Vanguard U.S. Momentum Factor ETF (VFMO) has returned 17.34% so far this year and 31.08% over the past 12 months.
Vanguard U.S. Momentum Factor ETF
- 1D
- -0.07%
- 1M
- -5.28%
- 6M
- 11.12%
- YTD
- 17.34%
- 1Y
- 31.08%
- 3Y*
- 22.39%
- 5Y*
- 12.83%
- 10Y*
- —
- ALL TIME*
- 14.45%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
VFMO Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 2018, VFMO's average daily return is +0.06%, while the average monthly return is +1.30%. At this rate, an investment would double in approximately 4.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +14.7%, while the worst month was Mar 2020 at -15.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VFMO closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.60% | 3.43% | -5.53% | 13.58% | 4.03% | 7.34% | -10.34% | 17.34% | |||||
| 2025 | 5.08% | -4.29% | -8.05% | 0.45% | 7.90% | 5.27% | 1.32% | 3.59% | 6.01% | 2.65% | -2.23% | -0.37% | 17.39% |
| 2024 | 2.20% | 9.18% | 3.37% | -6.22% | 5.75% | 0.33% | 3.85% | 1.50% | 1.83% | 0.60% | 10.02% | -7.48% | 26.14% |
| 2023 | 4.05% | -2.34% | -2.58% | -0.97% | 0.43% | 8.59% | 3.22% | -3.45% | -6.03% | -5.08% | 11.89% | 9.33% | 16.25% |
| 2022 | -8.96% | 1.27% | 3.26% | -8.43% | 2.35% | -9.58% | 8.36% | -0.39% | -7.64% | 12.87% | 2.14% | -6.00% | -12.84% |
| 2021 | 5.27% | 5.65% | -1.01% | 2.73% | 1.41% | 2.02% | -1.96% | 3.39% | -3.32% | 6.71% | -3.72% | 1.14% | 19.16% |
Benchmark Metrics
Vanguard U.S. Momentum Factor ETF has an annualized alpha of 1.31%, beta of 1.08, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since February 15, 2018.
- This ETF captured 107.49% of S&P 500 Index gains and 101.45% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.08 and R2 of 0.76, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.31%
- Beta
- 1.08
- R²
- 0.76
- Upside Capture
- 107.49%
- Downside Capture
- 101.45%
Expense Ratio
VFMO has an expense ratio of 0.13%, which is considered low.
Return for Risk
Risk / Return Rank
VFMO ranks 52 for risk / return — above 52% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Vanguard U.S. Momentum Factor ETF (VFMO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VFMO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.00 | +0.07 |
| Martin ratioReturn relative to average drawdown | 7.71 | 8.49 | -0.79 |
Dividends
Dividend History
Vanguard U.S. Momentum Factor ETF provided a 0.63% dividend yield over the last twelve months, with an annual payout of $1.40 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.40 | $1.57 | $1.19 | $1.17 | $1.97 | $1.07 | $0.51 | $1.06 | $0.48 |
Dividend yield | 0.63% | 0.82% | 0.72% | 0.89% | 1.72% | 0.81% | 0.45% | 1.22% | 0.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard U.S. Momentum Factor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.47 | $0.00 | $0.70 | |||||
| 2025 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $1.57 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.44 | $1.19 |
| 2023 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.37 | $1.17 |
| 2022 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.56 | $1.97 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.50 | $1.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard U.S. Momentum Factor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard U.S. Momentum Factor ETF was 36.77%, occurring on Mar 23, 2020. Recovery took 90 trading sessions.
The current Vanguard U.S. Momentum Factor ETF drawdown is 10.34%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-36.77%Mar 2020 | 1mo 2d | 4mo 9d | 5mo 11dFeb 2020 - Jul 2020 | COVID crash2020 |
-27.21%Dec 2018 | 3mo 20d | 12mo 1d | 1y 3moSep 2018 - Dec 2019 | Rate-hike selloffLate 2018 |
-25.80%Sep 2022 | 10mo 21d | 1y 4mo | 2y 2moNov 2021 - Feb 2024 | Bear market2022 |
-24.40%Apr 2025 | 4mo 12d | 4mo 6d | 8mo 18dNov 2024 - Aug 2025 | 2025 selloff2025 |
-13.97%Jul 2026 | 28d | — | 1mo 2dJul 2026 - now | — |
Drawdown Indicators
| VFMO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.77% | -56.78% | +20.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -9.10% | -4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | -18.90% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -25.43% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -10.34% | -1.58% | -8.76% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -10.70% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.14% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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